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NASDAQ:ARCC - Ares Capital Stock Price, Forecast & News

$11.29
-0.63 (-5.29 %)
(As of 03/29/2020 05:04 AM ET)
Today's Range
$10.72
Now: $11.29
$12.38
50-Day Range
$8.08
MA: $16.26
$19.23
52-Week Range
$7.90
Now: $11.29
$19.33
Volume5.37 million shs
Average Volume8.63 million shs
Market Capitalization$4.87 billion
P/E Ratio6.07
Dividend Yield13.42%
Beta0.67
Ares Capital Corporation is a business development company specializing in acquisition, recapitalization, mezzanine debt, restructurings, rescue financing, and leveraged buyout transactions of middle market companies. It also makes growth capital and general refinancing. It prefers to make investments in companies engaged in the basic and growth manufacturing, business services, consumer products, health care products and services, and information technology service sectors. The fund will also consider investments in industries such as restaurants, retail, oil and gas, and technology sectors. It focuses on investments in Northeast, Mid-Atlantic, Southeast and Southwest regions from its New York office, the Midwest region, from the Chicago office, and the Western region from the Los Angeles office. The fund typically invests between $20 million and $200 million and a maximum of $400 million in companies with an EBITDA between $10 million and $250 million. It makes debt investments between $10 million and $100 million The fund invests through revolvers, first lien loans, warrants, unitranche structures, second lien loans, mezzanine debt, private high yield, junior capital, subordinated debt, and non-control preferred and common equity. The fund also selectively considers third-party-led senior and subordinated debt financings and opportunistically considers the purchase of stressed and discounted debt positions. The fund prefers to be an agent and/or lead the transactions in which it invests. The fund also seeks board representation in its portfolio companies.
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Industry, Sector and Symbol

Industry Investors, not elsewhere classified
Sub-IndustryAsset Management & Custody Banks
SectorFinance
Current SymbolNASDAQ:ARCC
CUSIP04010L10
Phone212-750-7300

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$1.53 billion
Cash Flow$1.86 per share
Book Value$17.48 per share

Profitability

Net Income$793 million

Miscellaneous

EmployeesN/A
Market Cap$4.87 billion
Next Earnings Date5/5/2020 (Estimated)
OptionableOptionable

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Ares Capital (NASDAQ:ARCC) Frequently Asked Questions

How has Ares Capital's stock been impacted by COVID-19 (Coronavirus)?

Ares Capital's stock was trading at $15.90 on March 11th, 2020 when Coronavirus reached pandemic status according to the World Health Organization (WHO). Since then, ARCC stock has decreased by 29.0% and is now trading at $11.29. View which stocks have been mosted impacted by Coronavirus.

Do Wall Street analysts recommend investors buy shares of Ares Capital?

7 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Ares Capital in the last year. There are currently 2 hold ratings and 5 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View analyst ratings for Ares Capital.

When is Ares Capital's next earnings date?

Ares Capital is scheduled to release its next quarterly earnings announcement on Tuesday, May 5th 2020. View our earnings forecast for Ares Capital.

How were Ares Capital's earnings last quarter?

Ares Capital Co. (NASDAQ:ARCC) posted its earnings results on Wednesday, February, 12th. The investment management company reported $0.45 earnings per share for the quarter, meeting the Thomson Reuters' consensus estimate of $0.45. The investment management company had revenue of $386 million for the quarter, compared to the consensus estimate of $387.39 million. Ares Capital had a net margin of 51.90% and a return on equity of 10.89%. During the same period last year, the firm earned $0.45 EPS. View Ares Capital's earnings history.

How often does Ares Capital pay dividends? What is the dividend yield for Ares Capital?

Ares Capital announced a quarterly dividend on Wednesday, February 12th. Shareholders of record on Monday, March 16th will be paid a dividend of $0.40 per share on Tuesday, March 31st. This represents a $1.60 annualized dividend and a yield of 14.17%. The ex-dividend date of this dividend is Friday, March 13th. View Ares Capital's dividend history.

What price target have analysts set for ARCC?

7 brokerages have issued 12-month price objectives for Ares Capital's stock. Their forecasts range from $15.00 to $20.00. On average, they anticipate Ares Capital's share price to reach $19.08 in the next year. This suggests a possible upside of 69.0% from the stock's current price. View analysts' price targets for Ares Capital.

What are Wall Street analysts saying about Ares Capital stock?

Here are some recent quotes from research analysts about Ares Capital stock:
  • 1. According to Zacks Investment Research, "Shares of Ares Capital have outperformed the industry over the past six months. The company’s earnings surpassed the Zacks Consensus Estimate in each of the trailing four quarters. Its second-quarter 2019 results benefited from improvement in total investment income and solid portfolio activity, partly offset by higher costs. The company's investment income growth is expected to continue in the near term, driven by regulatory changes and rise in demand for customized financing. Moreover, rise in investment commitments will likely continue to support revenues. However, continuously increasing expenses (mainly due to the company’s expansion strategy) are expected to hurt bottom-line growth to some extent in the near term. Moreover, the presence of high levels of debt remains a major concern for the company as it might hurt financials." (8/26/2019)
  • 2. National Securities analysts commented, "▪ Ares had extremely robust originations during the 3/31/19 quarter with over $1.95 billion of gross commitments versus $1.35 billion of exits, bringing the total portfolio at fair value to $13.06 billion from $12.42 billion Q/Q.
    ▪ The strong portfolio growth for ARCC also drove a significant core NII/share beat of $0.48 versus our estimate of $0.42. Notably, the heavy origination volume drove capital structuring service fees of $45.0mm on the quarter compared to our estimate of $26.7mm. Through 4/24 ARCC had $183mm of commitments compared to exits and repayments of $747mm with a backlog of $1.1 billion and pipeline of $195mm.
    ▪ While a platform the size of Ares really only needs one large deal to close for a big increase in commitments, we do expect origination volume to slow Q/Q for the 6/30/19 quarter. As a result, we think structuring fees and earnings will come down a bit but still remain comfortably above the $0.42/share of total dividends (two cents per share supplemental and forty cents regular).
    ▪ Management reiterated that they expect Ares to benefit from any credit dislocation by means of winning market share from weaker market participants. We tend to agree with this sentiment and expect that ARCC’s underwriting will enable them to withstand a slowing economy or a general pickup in defaults, both of which we think will materialize through 2019.
    ▪ We are revising our 2019 core NII/share estimate to $1.83 from $1.75 and our 2020 core NII/share estimate to $1.80 from $1.78." (5/1/2019)

Has Ares Capital been receiving favorable news coverage?

News articles about ARCC stock have trended somewhat positive on Sunday, InfoTrie Sentiment Analysis reports. The research firm identifies negative and positive news coverage by reviewing more than six thousand news and blog sources in real-time. The firm ranks coverage of publicly-traded companies on a scale of negative five to five, with scores nearest to five being the most favorable. Ares Capital earned a daily sentiment score of 1.2 on InfoTrie's scale. They also assigned news stories about the investment management company a news buzz of 0.0 out of 10, meaning that recent news coverage is extremely unlikely to have an effect on the stock's share price in the near future. View the latest news aboutAres Capital.

Are investors shorting Ares Capital?

Ares Capital saw a decline in short interest during the month of February. As of February 14th, there was short interest totaling 1,990,000 shares, a decline of 6.1% from the January 30th total of 2,120,000 shares. Based on an average daily volume of 1,850,000 shares, the days-to-cover ratio is currently 1.1 days. Approximately 0.5% of the company's shares are short sold. View Ares Capital's Current Options Chain.

Who are some of Ares Capital's key competitors?

What other stocks do shareholders of Ares Capital own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Ares Capital investors own include AT&T (T), Energy Transfer LP Unit (ET), New Residential Investment (NRZ), Enterprise Products Partners (EPD), ANNALY CAP MGMT/SH (NLY), Cisco Systems (CSCO), AGNC Investment (AGNC), AbbVie (ABBV), Verizon Communications (VZ) and Intel (INTC).

Who are Ares Capital's key executives?

Ares Capital's management team includes the following people:
  • Mr. Michael J. Arougheti, Exec. VP & Co-Chairman (Age 47)
  • Mr. Bennett Rosenthal, Co-Founder and Co-Chairman (Age 56)
  • Mr. Robert Kipp DeVeer III, CEO & Director (Age 46)
  • Mr. Mitchell S. Goldstein CPA, CPA, Co-Pres (Age 52)
  • Mr. Michael Lewis Smith, Co-Pres (Age 48)

What is Ares Capital's stock symbol?

Ares Capital trades on the NASDAQ under the ticker symbol "ARCC."

Who are Ares Capital's major shareholders?

Ares Capital's stock is owned by a variety of institutional and retail investors. Top institutional investors include Confluence Investment Management LLC (1.19%), Thornburg Investment Management Inc. (1.00%), Lord Abbett & CO. LLC (0.77%), Vaughan Nelson Investment Management L.P. (0.70%), UBS Group AG (0.68%) and Van ECK Associates Corp (0.63%). Company insiders that own Ares Capital stock include Bates Ann Torre, Daniel G Kelly, Jr, Eric B Siegel, Penelope F Roll, R Kipp Deveer, Steve Bartlett and Steven B Mckeever. View institutional ownership trends for Ares Capital.

Which major investors are selling Ares Capital stock?

ARCC stock was sold by a variety of institutional investors in the last quarter, including Thornburg Investment Management Inc., FMR LLC, Oxford Asset Management LLP, Muzinich & Co. Inc., Resource America Inc., Skandinaviska Enskilda Banken AB publ, Cambridge Investment Research Advisors Inc., and Raymond James Financial Services Advisors Inc.. View insider buying and selling activity for Ares Capital.

Which major investors are buying Ares Capital stock?

ARCC stock was bought by a variety of institutional investors in the last quarter, including Jane Street Group LLC, Capital Advisors Inc. OK, EWG Elevate Inc., UBS Group AG, Rockefeller Capital Management L.P., Van ECK Associates Corp, Vaughan Nelson Investment Management L.P., and SlateStone Wealth LLC. Company insiders that have bought Ares Capital stock in the last two years include Bates Ann Torre, Daniel G Kelly, Jr, Eric B Siegel, Penelope F Roll, R Kipp Deveer, Steve Bartlett, and Steven B Mckeever. View insider buying and selling activity for Ares Capital.

How do I buy shares of Ares Capital?

Shares of ARCC can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.

What is Ares Capital's stock price today?

One share of ARCC stock can currently be purchased for approximately $11.29.

How big of a company is Ares Capital?

Ares Capital has a market capitalization of $4.87 billion and generates $1.53 billion in revenue each year. The investment management company earns $793 million in net income (profit) each year or $1.89 on an earnings per share basis.  View additional information about Ares Capital.

What is Ares Capital's official website?

The official website for Ares Capital is http://www.arescapitalcorp.com/.

How can I contact Ares Capital?

Ares Capital's mailing address is 245 PARK AVENUE 44TH FLOOR, NEW YORK NY, 10167. The investment management company can be reached via phone at 212-750-7300 or via email at [email protected]


MarketBeat Community Rating for Ares Capital (NASDAQ ARCC)

Community Ranking:  2.3 out of 5 (star star)
Outperform Votes:  350 (Vote Outperform)
Underperform Votes:  405 (Vote Underperform)
Total Votes:  755
MarketBeat's community ratings are surveys of what our community members think about Ares Capital and other stocks. Vote "Outperform" if you believe ARCC will outperform the S&P 500 over the long term. Vote "Underperform" if you believe ARCC will underperform the S&P 500 over the long term. You may vote once every thirty days.
This page was last updated on 3/29/2020 by MarketBeat.com Staff

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